Applied Fundamental Research LLC Has $9.71 Million Stock Position in Nomad Foods Limited $NOMD

Applied Fundamental Research LLC decreased its position in shares of Nomad Foods Limited (NYSE:NOMD) by 16.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 738,016 shares of the company’s stock after selling 143,076 shares during the quarter. Nomad Foods makes up approximately 9.4% of Applied Fundamental Research LLC’s holdings, making the stock its 6th largest holding. Applied Fundamental Research LLC owned about 0.48% of Nomad Foods worth $9,705,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Osaic Holdings Inc. raised its position in shares of Nomad Foods by 87.4% during the second quarter. Osaic Holdings Inc. now owns 2,658 shares of the company’s stock worth $45,000 after acquiring an additional 1,240 shares during the last quarter. PAX Financial Group LLC acquired a new stake in Nomad Foods in the second quarter worth about $212,000. Cetera Investment Advisers acquired a new stake in Nomad Foods in the second quarter worth about $221,000. Inspire Investing LLC bought a new stake in Nomad Foods during the 2nd quarter worth about $237,000. Finally, Vise Technologies Inc. acquired a new position in Nomad Foods during the 2nd quarter valued at about $241,000. 75.26% of the stock is owned by institutional investors and hedge funds.

Nomad Foods Trading Down 0.8%

NOMD opened at $11.86 on Thursday. The firm’s fifty day moving average is $12.21 and its two-hundred day moving average is $13.65. The firm has a market cap of $1.82 billion, a PE ratio of 8.23 and a beta of 0.71. Nomad Foods Limited has a twelve month low of $11.04 and a twelve month high of $20.81. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.59 and a current ratio of 1.02.

Nomad Foods (NYSE:NOMD) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Nomad Foods had a return on equity of 9.73% and a net margin of 6.56%.The business had revenue of $881.94 million for the quarter, compared to analyst estimates of $760.75 million. During the same period in the previous year, the business posted $0.55 EPS. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. Equities research analysts anticipate that Nomad Foods Limited will post 1.82 EPS for the current year.

Nomad Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Monday, November 10th. Nomad Foods’s payout ratio is 47.22%.

Analyst Ratings Changes

Several brokerages have recently issued reports on NOMD. BTIG Research reaffirmed a “buy” rating and issued a $18.00 target price on shares of Nomad Foods in a research note on Monday, November 10th. Zacks Research upgraded shares of Nomad Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Nomad Foods in a research note on Friday, October 31st. Finally, Mizuho lowered their target price on shares of Nomad Foods from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Nomad Foods currently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

Nomad Foods Company Profile

Nomad Foods Limited is a leading frozen foods company headquartered in the United Kingdom, operating under the ticker symbol NOMD on the New York Stock Exchange. The company’s portfolio comprises well-known consumer brands such as Birds Eye, iglo, Findus, Goodfella’s and Aunt Bessie’s, covering a wide range of categories including vegetables, seafood, ready meals, pizzas and desserts. Nomad Foods focuses on delivering convenient, high-quality frozen products designed to meet evolving consumer preferences for taste, nutrition and ease of preparation.

Formed in 2015 through the acquisition of Iglo Group by investment firms Permira and Goldman Sachs Asset Management, Nomad Foods was created with the strategy of building Europe’s largest frozen foods platform.